Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: gbh who wrote (52486)	8/21/1998 1:03:00 PM
From: djane	Respond to of 61433

TSC article. ASND on buy list of AIM mutual fund thestreet.com Fund Watch Features: One AIM Fund Manager Couldn't Care Less about the Dow's Dip By Alison Moore Senior Writer 8/21/98 12:38 PM ET No Fear Neither sex, nor bombs nor Latin America will stay this stock picker. David Barnard an AIM senior portfolio manager on the Constellation, Summit, and Weingarten portfolios, says times like these are the reason investors hire active managers. "We're not at all concerned," says Barnard. "I have the same sentiment when markets are going up or down," he says. "I don't buy markets I buy stocks." And if he likes stocks when they're expensive, Barnard says, he likes them that much more when they're cheaper. "We are always looking in markets like this." Barnard says technology will continue to be the leading industry, and that's where he's looking today. He's after "any companies associated with bandwidth, which I believe will be the next great growth area." Among the network builders, Barnard's sifting through Ascend (ASND:Nasdaq) Cisco (ASND:Nasdaq), Tellabs (TLAB:Nasdaq), Lucent (LU:NYSE) and Ciena (CIEN:Nasdaq)(which we've written about separately today). On the network sales end he likes Worldcom (WCOM:Nasdaq) and Qwest (QWST:Nasdaq) . For information distribution he likes cable stocks Time Warner (TWX:NYSE), and Comcast (CMCSA:Nasdaq) and internet playsAmerica Online (AOL:NYSE) and Yahoo (YHOO:Nasdaq). He also likes Dell (DELL:Nasdaq) and Schwab (SCH:NYSE), which he includes in the Internet commerce group. Of Barnard's three funds, Summit and Weingarten are besting the S&P's 13.6% return so far this year, while Constellation is lagging with a 5.3% return. Over five years, the funds have returned 18.0%, 18.6% and 15.3% respectively.